For most new businesses, getting started means learning how to make do with less.
The majority of entrepreneurs set out to create a company with $10,000 or less. That's according to a recent Intuit survey of 500 small businesses across the country. The survey results also revealed that three quarters of those business owners relied on their own savings to get started. Meanwhile, most of them didn't initially feel like they had enough financial know how to use that money smartly.
Sixty-eight percent said that, looking back on their first year in business, they wish they'd spent more time learning about financial management.
Don't want to make the same mistake? Check out the inforgraphic below from Column Fiveand Intuit for more insights on how U.S. small businesses get started--and how to be smart with your startup capital.
From Inc. Magazine
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